DAILY COMMODITY MARKET STRATEGY-25 June 2014

BASE METAL WRAP: Nickel fell to a one-week low in London as rising stockpiles signaled ample supplies. Inventories monitored by the London Metal Exchange rose 0.3 percent to 305,388 metric tons, within 0.2 percent of an all-time high reached last week.

ENERGY WRAP: West Texas Intermediate crude gained for the first time in three days after the Wall Street Journal said the Obama administration is clearing the way for some exports of ultra-light U.S. oil.

PRECIOUS METAL WRAP: Gold declined as investors weighed the outlook for the U.S. economy against speculation that a rally to the highest level in two months may spur sales.

GLOBAL EVENTS TO WATCH: Core Durable Goods Orders m/m, Final GDP q/q, Durable Goods Orders m/m, Final GDP Price Index q/q, Flash Services PMI, Crude Oil Inventories.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:2788 SUP2:2760 RESIST1:2876 RESIST2:2935 TRADING STRATEGY: BUY ON DIPS	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:415 SUP2:412 RESIST1:421 RESIST2:423 TRADING STRATEGY: BUY ON DIPS
CS JEERA (JULY) OVERVIEW: TREND BULLISH SUP1:11225 SUP2:11150 RESIST1:11650 RESIST2:11750 TRADING STRATEGY: BUY ON DIPS	CS CRUDE (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:6420 SUP2:6370 RESIST1:6500 RESIST2:6550 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JULY) OVERVIEW: TREND BULLISH SUP1:6510 SUP2:6470 RESIST1:6710 RESIST2:6870 TRADING STRATEGY: BUY ON DIPS	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:27400 SUP2:27100 RESIST1:27900 RESIST2:28300 TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (JULY) OVERVIEW: TREND BEARISH SUP1:3890 SUP2:3845 RESIST1:4020 RESIST2:4050 TRADING STRATEGY: SELL ON RISE	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:43840 SUP2:43000 RESIST1:45000 RESIST2:45700 TRADING STRATEGY: BUY ON DIPS